Intel (INTC Quote - Cramer on INTC - Stock Picks) unveiled eight new dual-core Xeon 7100 series processors designed for multiprocessor servers, giving it the ability to compete better with AMD's (AMD Quote - Cramer on AMD - Stock Picks) Opteron chips.
The Intel processors, previously codenamed "Tulsa," will provide businesses with top performance and reliability, the company said. The processor family also includes lower-power, 95-watt options that reduce energy costs. Shares of Intel rose 8 cents to $19.46 in premarket trading Tuesday.


